Pranab invites Chinese to 'Make in India'

Wed, May 25, 2016, 03:53 PM

Guangzhou, May 25: President Pranab Mukherjee on Wednesday invited Chinese entrepreneurs to participate in the 'Make in India' initiative and said India was committed to providing "conducive atmosphere" for investment from China.

The president, who is on a four-day visit to China, said India believes that there is "great potential for economic and commercial cooperation among our nations, which face similar opportunities and challenges".

"To realize the full potential of our economic partnership, it is important to bridge the information gap between our business communities. India is committed to providing a conducive environment for more investments from China," Mukherjee said.

"We believe that stepping up our two-way trade and investment flows will be of mutual benefit to both our nations. We welcome Chinese investments and entrepreneurs to participate in 'Make in India' and other flagship initiatives of Government of India," he said.

The president said India is ready to facilitate more collaborations between the two countries.

"India invites investors from China to be partners in India's growth story," he said.

Mukherjee also stressed that India is a "young nation" and "our primary goal is to build a modern economy that puts a premium on sustainable development".

"We are steadily moving towards this objective and a profound socio-economic transformation is taking place in our country. China's economic achievements are a source of inspiration for us," he said.

Mukherjee arrived here on Tuesday and will be also travelling to Beijing.